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Consider the pair of reactions below to answer the following question(s).
a.
or
b.
-These reactions are classified as ________________reactions.
Bankruptcy
A legal proceeding involving a person or business that is unable to repay their outstanding debts.
Chapter 11 Bankruptcy
A form of bankruptcy involving a reorganization of a debtor's business affairs, debts, and assets, often allowing the business to continue operating.
Reorganization Plan
A strategy employed by companies in financial distress to restructure their business operations, debts, and assets to regain financial stability.
Creditors
Individuals, financial institutions, or other entities that are owed money by a debtor, usually arising from financial agreements or contracts.
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